Word: ince
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Dates: during 1970-1979
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That is one of the central conclusions of a forthcoming book called State of the Nation, produced by Potomac Associates Inc. and edited by William Watts and Lloyd A. Free.* The study that detected a "bifurcated mood of personal progress but national doubt" is based on an exhaustive poll of 1,806 Americans conducted last June by the Gallup organization for Potomac. Gallup asked each subject 87 questions in an attempt to capture people's estimates of their own status as well as society...
...flow of the marketplace, many new publications are doing very well, including Time Inc.'s three-month-old MONEY. Yet nothing will quite take the place of LIFE, and there will be an incalculable sense of loss when its last issue hits the stands. Last week Poet James Dickey echoed millions of Americans when he said, "I can't begin to calculate all the things I have learned from LIFE. I'm not quite the same person I was because of what I saw and read in its pages." The New Yorker's managing editor, William...
...important check on the big banks' expansion policies could come in the next few weeks, when the Supreme Court is due to rule on a landmark case involving an offer by the First National Bancorporation Inc. of Denver to buy the First National Bank of Greeley, Colo. The Justice Department is opposing the purchase. It argues that by buying an existing bank instead of starting one, the holding company offers customers no new choice and could eliminate "potential competition" at some later date. The lower courts have ruled that present antitrust legislation covers only actual competition, and found against...
...counter that in providing competition in small towns they not only improve the efficiency of community banks but also offer residents a wider array of services, like computerized checking and often cheaper loan rates. Small banks can also be autocratic monopolies. James M. Kemper Jr., chairman of Commerce Bancshares Inc. of Kansas City, Mo., recalls: "As we moved into areas dominated by one bank, we found that in two towns the independents refused to offer even savings-account services. Now the townsfolk have the opportunity to earn interest on their savings." The most serious argument against small banks is that...
David J. Mahoney, the ebullient, $350,000-a-year chief executive of Norton Simon Inc., looks like a movie hero, talks like a salesman in a hurry and is willing to go out on a limb. At the start of each of the past three years, Mahoney predicted that the earnings of the widely diversified food, drink and publishing company would increase by at least 15%. He has hit the mark every time. Now, bent on building N.S.I, into a consumer-products giant that would equal Procter & Gamble and Unilever, Mahoney has begun a major drive for acquisitions...